"I think the housing situation is so bad over New Zealand that ALL Businesses asking for overseas worker visas should first ensure or provide accommodation that is up to rental standard at a rate that is no more than 40% of the income of the worker.
"I think the housing situation is so bad over New Zealand that ALL Businesses asking for overseas worker visas should first ensure or provide accommodation that is up to rental standard at a rate that is no more than 40% of the income of the worker.
Then firstly offer that same job & accommodation to New Zealand residents for via all NZ job sites for three weeks to see if the business cannot find a suitable local worker."
"Thirty per cent is the golden number when it comes to rent affordability. The 30% rule specifies that no more than 30% of your gross income (income before tax, KiwiSaver, student loan deductions, etc.) should go towards rent. And, overall, it remains good advice."
Currently a lot of renters are paying 55%+ of their gross income on Rent.
From 24 JAN 2023
https://thekaka.substack.com/p/tuesdays-pick-of-the-links-d22/comment/12155789
"I think the housing situation is so bad over New Zealand that ALL Businesses asking for overseas worker visas should first ensure or provide accommodation that is up to rental standard at a rate that is no more than 40% of the income of the worker.
https://www.canstar.co.nz/savings-accounts/how-much-of-my-income-should-go-towards-rent/
Then firstly offer that same job & accommodation to New Zealand residents for via all NZ job sites for three weeks to see if the business cannot find a suitable local worker."
before or after tax income?
https://www.canstar.co.nz/savings-accounts/how-much-of-my-income-should-go-towards-rent/
"Thirty per cent is the golden number when it comes to rent affordability. The 30% rule specifies that no more than 30% of your gross income (income before tax, KiwiSaver, student loan deductions, etc.) should go towards rent. And, overall, it remains good advice."
Currently a lot of renters are paying 55%+ of their gross income on Rent.
I asked this question because the 40% seemed high, especially if for net income.
thankyou for the link you have now provided